A plan to funnel more than $8.8 million into Minneapolis affordable housing projects won another approval Monday afternoon.
The Minneapolis City Councilâ€™s Ways and Means Committee signed off on a funding plan for 11 projects spread throughout the city. The funding â€” pulled from city and federal coffers â€” would create 371 units and preserve 543 more.
Calls for more affordable housing reverberate in the Twin Cities and around the state. Minneapolis in particular has drawn a wealth of developer interest in recent years, but most units sprouting from new construction efforts have been priced at the market rate or higher.
The biggest award approved Monday â€” at $1.86 million â€” will keep intact 200 affordable units at Ebenezer Park Apartments, a high-rise targeting seniors at 2700 Park Ave. S. The units are reserved for people earning half or less of the area median income.
Of the new construction projects receiving funding, the largest is the 72-unit Great River Landing project in the North Loop, planned by Beacon Interfaith Housing Collaborative. The building, near downtown at 813 N. Fifth St., will cater to men with histories of homelessness, unemployment and incarceration.
Great River Landing will get $900,000 from the funding pool.
Other projects dot neighborhoods near downtown, south Minneapolis and Near North. They include:
Anishinabe Bii Gii Wiin at 1600 19th St. E., which will get $363,003 to preserve 45 units and build 32 new ones.
PRG 2 Portfolio at 2730 Portland Ave. S., which will get $728,210 to preserve 49 units.
Plymouth Stevens House at sites along Plymouth Ave. N. in the Near North neighborhood, which will get $1.05 million to preserve 207 units.
Nicollet @ 36th at 3601 Nicollet Ave. S., which will get $550,000 for 57 new units.
Longfellow Field Senior Apartments at 2800 27th Ave. S., which will get $900,000 to build 62 units.
House of Charity Housing at 714 Park Ave., which will get $900,000 for 65 new units.
PRG 1 Portfolio at 3708 Elliot Ave. S., which will get $525,000 to preserve 42 units.
Indian Neighborhood Club Expansion at 2101 S. Fifth St., which will get $81,900 to build 20 new units.
West Broadway Curve West Building at 1920 W. Broadway, which will get $1 million to build 63 units.
The full City Council still needs to sign off on the plans.
More detailed information is available here.
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